The Future State of Completion Sale or VEFA in french is a contract between the buyer of an apartment on plan and the developer. It is a means that allows individuals, wishing to become homeowners, to finance the construction of their home little by little. The payment is made in installments through specific real estate loans that allow the loan to be released gradually. During this article, we will see the advantages of the VEFA sale (which is used by many real estate developers like Bouygues, Spirit Immobilier, Cogedim, Sogerim…).
The advantages of the VEFA
VEFA is a great decision, a life project that comes after deep reflection. As a result, people tend to become more informed and knowledgeable before taking the step.
Contrary to popular belief about the high risks of VEFA, it offers an infinite number of benefits that can make life easier for every individual who wants to become a property owner.
First, selling in future state of completion offers both short and long-term benefits. The owner benefits from a reduction of up to 4% of the total amount of the purchase, at a time when the rate for old housing is estimated at 8%. In addition to this, the purchase of a new apartment that meets the latest standards, saves him or her from having to do a lot of renovation work.
It is also an operation approved by the municipality as well as the consulting architects and which obviously meets all the regulations in force. This means that it is a secure product. In addition to this, the acquisition of a VEFA property is an operation framed by the law. Although some people seem to complain about the processing times they find too long, it is, in fact, the security measures that take a lot of time, the goal being to protect the rights of the buyers and make their transactions secure.
Generally speaking, housing purchased off-plan is covered by three mandatory guarantees:
- The ten-year warranty, which covers damage related to the construction structure for a period of 10 years.
- The guarantee of perfect completion which serves to protect the housing against defects not related to normal wear and tear, for a period of one year.
- The two-year guarantee, on the other hand, serves to guarantee, for a period of 2 years, the replacement or repair of property elements such as radiators, taps, roller shutters, etc.
To conclude this sale allows you to design your home to measure. Whether you opt for a closed or open kitchen, whether you choose to install cupboards in each room, it will depend on you. Even better, you can even choose the finishes. Do you want to choose the colour of your floor? Adding electrical outlets? It’s now possible with VEFA!
